secwatch.observer — SEC 8-K summary
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Issuer:     KBS Real Estate Investment Trust III, Inc. (KBSR)
CIK:        0001482430
Form:       8-K
Filed at:   2022-04-14T23:59:59+00:00
Accession:  0001482430-22-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KBS REIT III increases 2022 redemption cap to 5% of weighted-average shares outstanding
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- Board approved amended share redemption program effective April 29, 2022, increasing 2022 redemption cap to 5% of 2021 weighted-average shares outstanding.
- Last 500,000 shares available in 2022 reserved exclusively for Special Redemptions (death, Qualifying Disability, Determination of Incompetence).
- Ordinary redemptions priced at 96% of most recent estimated value; Special Redemptions at 100%.
- Program may be amended, suspended, or terminated upon 10 business days' notice.
- No other material changes to share redemption program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1482430/000148243022000021/0001482430-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1482430/000148243022000021/kbsriii-20220413.htm
  HTML page:      https://secwatch.observer/filing/0001482430-22-000021

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